Sweat Wallet Launches Revolutionary AI Assistant and Expands Multichain DeFi

Attention crypto enthusiasts and fitness fans! Sweat Wallet, the popular app rewarding steps with crypto, just got a major upgrade. This update introduces a helpful AI assistant and expands its reach into the world of Multichain DeFi, aiming to make decentralized finance more accessible than ever before.

Sweat Wallet Welcomes Mia, Your New AI Assistant

The core of this update is the integration of a personalized AI assistant named Mia (short for Movement in Action). Powered by Near.AI, an open-source platform with crosschain capabilities, Mia lives within the Sweat Wallet app. Its primary goal is to simplify the user experience.

• Mia provides interactive guidance for new and existing users.
• It helps manage crypto rewards earned from walking.
• It assists with more complex actions like bridging and swapping assets.

According to Sweat co-founder Oleg Fomenko, Mia is designed to be more like a “helpful friend” than a complex technical interface, guiding users through earning, staking, and performing onchain actions without needing deep technical knowledge.

Expanding Horizons: Multichain DeFi Accessibility

Beyond the AI assistant, Sweat Wallet is significantly expanding its technical capabilities. The platform is rolling out support for multiple blockchain networks, including Base, Ethereum, Arbitrum, and BNB Chain.

This expansion to Multichain DeFi allows users to:

• Bridge assets between supported networks directly within the app.
• Swap native tokens across different blockchains.
• Pay for gas fees using SWEAT tokens, simplifying transactions.

This move aligns with Sweat’s vision of a “Movement Economy” where physical activity unlocks access to various financial tools and experiences across different chains.

From Steps to Crypto Rewards: The Move-to-Earn Model

Sweat operates on a Move-to-Earn (M2E) model, rewarding users with SWEAT tokens for every 1,000 steps taken. This model is gaining traction, with platforms like StepN and Plena also exploring ways to integrate technology to enhance physical activity rewards.

While other M2E platforms might use AI for anti-cheating measures, Sweat focuses on using AI (Mia) to streamline user experience and enable the Multichain DeFi functionality it’s now offering. Users can use their SWEAT tokens for various purposes, including redeeming them for products, donating them, or converting them to other currencies.

With 20 million users and over 19 million tokenholders, Sweat Wallet has a large base ready to benefit from these new features. Mia will also personalize in-app recommendations based on user behavior, suggesting relevant offers or explaining new features.

Addressing Privacy and Security Concerns

As AI tools become integrated with crypto wallets, questions about data privacy and security naturally arise. Sweat addresses these concerns through robust practices.

• Adherence to GDPR-compliant data handling.
• Implementation of secure anonymization protocols.
• Frequent external audits to ensure security standards are met.

Oleg Fomenko emphasized that Mia operates transparently, providing clear prompts where users retain control, able to accept, reject, or override suggestions. This focus aims to ensure the AI serves as a trustworthy assistant in the user’s Web3 journey.

Summary: A Simpler Path to DeFi Through Movement

The latest update to Sweat Wallet represents a significant step forward, combining the popular Move-to-Earn model with advanced AI and Multichain DeFi capabilities. By integrating the Mia AI assistant and expanding support to Base, Ethereum, Arbitrum, and BNB Chain, Sweat is making it easier for millions of users to access and manage their crypto rewards and explore decentralized finance simply by staying active. This focus on user-friendly design and robust security measures positions Sweat Wallet to potentially onboard a wider audience into the Web3 ecosystem.